TomTom sees location tech sales at low end of guidance as weak auto demand weighs

By Mathias De Rozario
FILE PHOTO TomTom mapping system is seen inside a vehicle in Eindhoven Netherlands November 21 2019. REUTERSEva PlevierFile Photo

FILE PHOTO: TomTom mapping system is seen inside a vehicle in Eindhoven, Netherlands, November 21, 2019. REUTERS/Eva Plevier/File Photo

(Reuters) - Digital mapping specialist TomTom expects annual sales of its location technology unit to come at the lower end of its guidance range of 490-520 million euros ($536-569 million), it said on Friday after weak demand for new cars hit its third-quarter revenue.

It reiterated the group-level outlook for 2024 revenue at the low end of its 570-610 million euro range.


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